S. 4879
Referred to CommitteeExpanding Financial Access for Underserved Communities Act
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
9/19/2022 • Senate
Summary
Expanding Financial Access for Underserved Communities Act
This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population.
The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans.
Introduced in Senate • 9/19/2022
Topics & Subjects
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Bill Journey
Originated in the Senate
Introduced
September 19, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823)
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law